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Rescooped by Maya Swamy from Birmingham Real Estate News
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Sometimes Home Buyers Need to Pay Full Price

Sometimes Home Buyers Need to Pay Full Price
Collier Swecker video blogs about how some Sellers are actually pricing their house correctly and home buyers need to understand that there are times where p...

Via Tom Horn-Real Estate Appraiser
Maya Swamy's insight:

There are times in the real estate cycle when a bad economy or high interest rates. Sellers will accept any offer then.  Other times there are more buyers than homes for sale.  Buyers then end in a bidding war.  Right now a home in average condition is in a balanced market. A seller with a smart Realtor is likely  to have priced the home right on target.  It just might be the  time to pay exactly what is asked for.

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Greater Houston area real estate market charges into record sales territory in May - Your Houston News

Greater Houston area real estate market charges into record sales territory in May - Your Houston News | Real Estate and Mortgages | Scoop.it
Greater Houston area real estate market charges into record sales territory in May
Your Houston News
“The Houston real estate market has held to positive territory for two years running and you'd be hard-pressed to find a market anywhere in the U.S.
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Rescooped by Maya Swamy from Grain du Coteau : News ( corn maize ethanol DDG soybean soymeal wheat livestock beef pigs canadian dollar)
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Why 3% mortgage rates are a thing of the past

Why 3% mortgage rates are a thing of the past | Real Estate and Mortgages | Scoop.it

In the past month, rates have been on the rise and they are expected to continue to climb.

 

This week, the average rate on a 30-year fixed-rate mortgage jumped another 10 percentage points to 3.91% and are up from 3.3% in early May, according to mortgage giant Freddie Mac. Meanwhile, those seeking a 15-year loan received an average rate of 3.03%, up from 2.56% -- a record low.

"It's unlikely that rates will ever be that low again," said Doug Duncan, Fannie Mae's chief economist.

Those who didn't take advantage of record-low rates have missed the boat -- at least for now. Here are three reasons why.

Related: Best deals on real estate

The Fed is going to stop bolstering the housing market. The Fed has kept rates at rock-bottom levels by buying up to $85 billion a month of Treasury bonds and mortgage-backed securities. That has enabled lenders to sell mortgage loans at low interest rates and recoup their money immediately -- plus profits.



Via Stéphane Bisaillon
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How Rising Mortgage Rates Might Cool a Hot Housing Market - AOL Real Estate (blog)

How Rising Mortgage Rates Might Cool a Hot Housing Market - AOL Real Estate (blog) | Real Estate and Mortgages | Scoop.it
How Rising Mortgage Rates Might Cool a Hot Housing Market AOL Real Estate (blog) The number of homes currently on the market remains relatively constrained and that in turn is leading to higher prices every month, as it has for more than a year,...
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Rescooped by Maya Swamy from California Real Estate Law
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Consumer Confidence Up for 3rd Straight Month in June

Consumer Confidence Up for 3rd Straight Month in June | Real Estate and Mortgages | Scoop.it
Consumer confidence saw a sizable jump in June, the Conference Board reported in its monthly Consumer Confidence Survey.

Via Mark A. Mellor
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